A new interconnect will tie the Dakota Access Pipeline to American Midstream Partners LP’s (NYSE: AMID) Bakken crude oil gathering system.
American Midstream said in a statement that the interconnect agreement would link Dakota Access to its system of interstate pipelines with capacity of about 40,000 barrels per day. The system also boasts crude trucking capabilities near Watford City, N.D.
The company recently added hydrogen sulfide treating to its Bakken system, which allows customers to meet various pipeline specifications for crude oil delivery. With the recent additions to the system and the new connection to Dakota Access, American Midstream will be positioned
“This new interconnect with DAPL is a continuation of our strategy to optimize the long-term value of our assets by providing producers a suite of services that include gathering and processing with strong market connectivity via multiple pipeline takeaway points,” said Lynn L. Bourdon, American Midstream’s president and CEO. “Through the expansion of our services and our ability to increase the value of our gathering infrastructure, the partnership has been able to capitalize on a strategic asset that increases optionality and additional takeaway points for our customers.”
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